Clearfield, Inc. (CLFD)

NASDAQ: CLFD · IEX Real-Time Price · USD
121.82
-4.07 (-3.23%)
At close: Dec 2, 2022 4:00 PM
122.75
+0.93 (0.76%)
After-hours: Dec 2, 2022 7:18 PM EST
-3.23%
Market Cap 1.74B
Revenue (ttm) 270.88M
Net Income (ttm) 49.36M
Shares Out 13.80M
EPS (ttm) 3.63
PE Ratio 33.56
Forward PE 30.67
Dividend n/a
Ex-Dividend Date n/a
Volume 342,090
Open 124
Previous Close 125.89
Day's Range 121.09 - 129.3
52-Week Range 44.15 - 134.9
Beta 1.33
Analysts Buy
Price Target 132.60 (+8.8%)
Earnings Date Nov 17, 2022

About CLFD

Clearfield, Inc. manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures. It also provides WaveSmart, which are optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and outdoor ... [Read more]

Industry Communications Equipment
Founded 1979
CEO Cheryl Beranek
Employees 407
Stock Exchange NASDAQ
Ticker Symbol CLFD
Full Company Profile

Financial Performance

In 2022, Clearfield's revenue was $270.88 million, an increase of 92.45% compared to the previous year's $140.76 million. Earnings were $49.36 million, an increase of 142.84%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for CLFD stock is "Buy." The 12-month stock price forecast is 132.6, which is an increase of 8.85% from the latest price.

Price Target
$132.6
(8.85% upside)
Analyst Consensus: Buy
Stock Forecasts

News

3 Momentum Anomaly Stocks to Buy as Markets Await Jobs Data

Archer-Daniels-Midland Company (ADM), Dillard's, Inc. (DDS) and Clearfield, Inc. (CLFD) are currently witnessing a short-term pullback in price. So, make sure you take full advantage of it.

Other symbols: ADMDDS
1 day ago - Zacks Investment Research

New Analysts Initiate Coverage: Top 5 Stocks to Buy

Increased analyst coverage over the past few weeks may lead to solid price appreciation for stocks like CarParts.com (PRTS), TravelCenters of America (TA), Clearfield (CLFD), Apollo Commercial Real Esta...

Other symbols: ARILADRPRTSTA
3 days ago - Zacks Investment Research

Clearfield (CLFD) is an Incredible Growth Stock: 3 Reasons Why

Clearfield (CLFD) possesses solid growth attributes, which could help it handily outperform the market.

4 days ago - Zacks Investment Research

Clearfield, Inc. (CLFD) Hit a 52 Week High, Can the Run Continue?

Clearfield (CLFD) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

1 week ago - Zacks Investment Research

Is Clearfield (CLFD) Outperforming Other Computer and Technology Stocks This Year?

Here is how Clearfield (CLFD) and Asure Software Inc (ASUR) have performed compared to their sector so far this year.

1 week ago - Zacks Investment Research

Why Clearfield Stock Jumped 26% Today

Third-quarter earnings were a lot better than expected.

2 weeks ago - The Motley Fool

Clearfield (CLFD) Q4 Earnings and Revenues Surpass Estimates

Clearfield (CLFD) delivered earnings and revenue surprises of 52.50% and 37.13%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

2 weeks ago - Zacks Investment Research

Clearfield Reports Record Fiscal Fourth Quarter and Full Year 2022 Results

MINNEAPOLIS, Nov. 17, 2022 (GLOBE NEWSWIRE) --   Clearfield, Inc. (NASDAQ: CLFD), a leader in fiber connectivity, reported results for the fiscal fourth quarter and year ended September 30, 2022.

2 weeks ago - GlobeNewsWire

Clearfield's Focus on Community Broadband Lands It at No. 4 on Forbes America's Best Small Companies

MINNEAPOLIS--( BUSINESS WIRE )--Clearfield, Inc. (NASDAQ:CLFD), the specialist in fiber management for communication service providers, today announced that it has been included in the recently announce...

2 weeks ago - Business Wire

Will Higher Revenues Benefit Clearfield (CLFD) Q4 Earnings?

Increased broadband demand and accretive acquisition is likely to help Clearfield (CLFD) register higher revenues in the fiscal fourth quarter.

2 weeks ago - Zacks Investment Research

Clearfield Sets Fiscal Fourth Quarter and Full Year 2022 Earnings Call for Thursday, November 17, 2022 at 5:00 p.m. ET

MINNEAPOLIS, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), a leader in community broadband fiber connectivity, will hold a conference call on Thursday, November 17, 2022 at 5:00 p.m...

3 weeks ago - GlobeNewsWire

Clearfield® FastPass™ Accelerates Fiber Broadband Operators Ability to Move from Homes Passed to Homes Connected

MINNEAPOLIS--(BUSINESS WIRE)-- #broadbandaccess--Clearfield, Inc. (NASDAQ:CLFD), the specialist in fiber management for communication service providers, today shared information learned during a recent ...

3 weeks ago - Business Wire

Are Computer and Technology Stocks Lagging Clearfield (CLFD) This Year?

Here is how Clearfield (CLFD) and Super Micro Computer (SMCI) have performed compared to their sector so far this year.

1 month ago - Zacks Investment Research

Using Options Trading Can Help Reduce Risks On Stocks You Hold

With the market in correction, investors might look to option trading to reduce some of the risk of stock ownership. The post Using Options Trading Can Help Reduce Risks On Stocks You Hold appeared firs...

2 months ago - Investors Business Daily

3 Unknown Tech Stocks That Could Rocket in 2023

One of the most satisfying parts about investing is finding hidden gems that have gone unloved or unnoticed by investors, and riding them to substantial returns. Whether you're looking for unknown tech ...

Other symbols: ADTNAZPN
2 months ago - InvestorPlace

Is Clearfield (CLFD) Stock Outpacing Its Computer and Technology Peers This Year?

Here is how Clearfield (CLFD) and Amtech Systems (ASYS) have performed compared to their sector so far this year.

2 months ago - Zacks Investment Research

3 Wireless Stocks Likely to Ride on Accelerated 5G Rollout

Pent-up demand for advanced networking architecture for increased broadband usage despite continued chip shortage and supply-chain disruptions is driving the Zacks Wireless Equipment industry. VSAT, CLF...

Other symbols: AVNWVSAT
3 months ago - Zacks Investment Research

Clearfield® Clears Path for Fiber Broadband with CraftSmart® FiberFirst Pedestal

MINNEAPOLIS--(BUSINESS WIRE)-- #PON--As planning begins for new federally funded fiber broadband networks, Clearfield addresses market shortage with fiber only pedestal.

3 months ago - Business Wire

Here's Why Clearfield (CLFD) is a Great Momentum Stock to Buy

Does Clearfield (CLFD) have what it takes to be a top stock pick for momentum investors? Let's find out.

3 months ago - Zacks Investment Research

Has Clearfield (CLFD) Outpaced Other Computer and Technology Stocks This Year?

Here is how Clearfield (CLFD) and Super Micro Computer (SMCI) have performed compared to their sector so far this year.

4 months ago - Zacks Investment Research

Clearfield (CLFD) Surpasses Q3 Earnings and Revenue Estimates

Clearfield (CLFD) delivered earnings and revenue surprises of 37.31% and 29.55%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Clearfield Reports Record Fiscal Third Quarter 2022 Results

MINNEAPOLIS, July 28, 2022 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the specialist in fiber management and connectivity platforms for communication service providers, reported results for th...

4 months ago - GlobeNewsWire

Clearfield Closes Acquisition of Nestor Cables Oy, a Leading European Developer and Manufacturer of Fiber Optic Cable...

MINNEAPOLIS, Minn., July 27, 2022 (GLOBE NEWSWIRE) -- Clearfield, Inc. (“Clearfield”) (NASDAQ: CLFD), the specialist in fiber management and connectivity platforms for communication service providers, c...

4 months ago - GlobeNewsWire

Clearfield Sets Fiscal Third Quarter 2022 Earnings Call for Thursday, July 28, 2022 at 5:00 p.m. ET

MINNEAPOLIS, July 21, 2022 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the specialist in fiber management and connectivity platforms for communication service providers, will hold a conference ...

4 months ago - GlobeNewsWire

Government Infrastructure Bills Drive High-Growth Expectations For Fiber-Optics Telecom Clearfield (CLFD)

Telecommunications company Clearfield Inc. (NASDAQ: CLFD) recently reported fiscal second-quarter revenues grew 80 percent and earnings were up 154 percent when compared with the same period last year. ...

6 months ago - Benzinga